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Apr 24, 2013
04/13
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senate is moving closer to national internet sales tax. the national retail federation says it is about time. the organization as vice president david french will explain his position when he joins us next. lori: you always have winners and losers. that is what makes a market. you have a nice pop for broadcom, seeing shares up 7% at the moment. we're right back after this. adam: the senate is moving closer to a deal allowing states to collect sales taxes from online retailers. critics argue it could hurt consumers and is really just another tax hike. but our next guest disagrees saying it is merely a collection issue. david french is the senior vice president for government relations at the national retail federation. good to see you, david, thanks for joining you. >> thanks for having me, adam? >> explain to me a lot of viewers would agree that they're surprised the national retail federation would be in favor of it? why are you in favor of it. would seem to hurt businesses that sell online but consumers are buying from them. >> local bus
senate is moving closer to national internet sales tax. the national retail federation says it is about time. the organization as vice president david french will explain his position when he joins us next. lori: you always have winners and losers. that is what makes a market. you have a nice pop for broadcom, seeing shares up 7% at the moment. we're right back after this. adam: the senate is moving closer to a deal allowing states to collect sales taxes from online retailers. critics argue it...
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Apr 22, 2013
04/13
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lowered price target from 22 bucks to 24. mcdonald's rbc capital says should rebound. but what mcdonald's are using lower cost men use to lure in customers so lower profit margins. back to you. ashley: thank you, nicole. busily week for earnings on the s&p. thank you very much. tracy: the big debate on wall street continues. is the market in a pullback or is this the dreaded correction? what the heck is going on here? last week the dow suffered worst one-day drop. gold suffered the deepest plunge in 30 years. that fear gauge jumped. we have to get the bottom line on all this, liz macdonald is here. what is going on? >> we wanted to go to wall street and say what is the consensus? will we see a correction of 10% or more? >> right. >> 5% pull back. >> tell youing is. look what happened since march, 2009 a pull back back. that is pretty much good news. average pullback was 7 or 8%. 25 pullbacks since march 2009. if you go back to world war ii, to date you will see 56 pullbacks averaging 7%. we have a fuel screen to show you those data points there. i'm not sure who has it
lowered price target from 22 bucks to 24. mcdonald's rbc capital says should rebound. but what mcdonald's are using lower cost men use to lure in customers so lower profit margins. back to you. ashley: thank you, nicole. busily week for earnings on the s&p. thank you very much. tracy: the big debate on wall street continues. is the market in a pullback or is this the dreaded correction? what the heck is going on here? last week the dow suffered worst one-day drop. gold suffered the deepest...
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Apr 22, 2013
04/13
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we are down close to 22% of gdp. it is still too big. government is actually falling as a share of gdp. first-quarter, the quarter that we just finished will get data for that in about a week. we are expecting about 3% growth. that is pretty good news from the economic front. dagen: is that already factored into this stock market? >> well, at least in the short term i think you are right. i believe the stock market itself is undervalued considerably. in other words, if you go back to early 2009, it is really the rise in profits that has driven this market. if we get any extension, what the investment community called multiples, the stock market could go even higher. the dow is worth it fair value 18,500. we have these pullbacks everyone in a while. is happening again. people are scared. it will not last long. dagen: given the horrific news that we got last week, you have the school shooting at the end of last year, they do have the boston marathon bombing and then you have that exposed in west texas. has risk and repriced just temporaril
we are down close to 22% of gdp. it is still too big. government is actually falling as a share of gdp. first-quarter, the quarter that we just finished will get data for that in about a week. we are expecting about 3% growth. that is pretty good news from the economic front. dagen: is that already factored into this stock market? >> well, at least in the short term i think you are right. i believe the stock market itself is undervalued considerably. in other words, if you go back to...
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Apr 23, 2013
04/13
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does that not worry you about en nation in the u.s.? >> they're putting in prices but, you know, by the waway, dupont is much more agricultural now. they sent the car painting business so they're not the chemical company we thought they were. more nutritional and agricultural but i think the inflation argument, even though we feel it more than the federal reserve thinks we do, i don't think it's plagued us yet. cheryl: both names in the top five today, dupont and travellers. do you wait for a pull back before you buy them? >> again, i just think the average investor, and i talked to so many, i have about 170,000 in the data base. they aren't good at picking bottom stuff. to be quite frank with you, when the bottom comes and we're all afraid, we head for the hills. very few people pick the bottom. dennis: a raul value is a value. cheryl: i've done real estate once correctly in my lifetime. what does that a? everybody has different investment objectives, ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that'
does that not worry you about en nation in the u.s.? >> they're putting in prices but, you know, by the waway, dupont is much more agricultural now. they sent the car painting business so they're not the chemical company we thought they were. more nutritional and agricultural but i think the inflation argument, even though we feel it more than the federal reserve thinks we do, i don't think it's plagued us yet. cheryl: both names in the top five today, dupont and travellers. do you wait...
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Apr 17, 2013
04/13
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shares are up after hitting a floor earlier today but still down 22 bucks a pop. three pieces of news i'm hearing along the from the tech world influencing and moving this stock in particular there. there was a report that came out that said ipad mini shipments reportedly will drop between 20 and 30% in the second quarter. questions about demand issues. whether or not this may be a lull before a new iphone five s to come out. we're not quite sure. a "wall street journal" report about apple and samsung locked up in a price war in india over smartphone prices. when you start to get into price wars that impacts margins. that is something people are talking about. lastly a great piece out of forbes today about the technology required in some brand new ideas that apple is working on. we're talking about the i-watch and the television set that the company doesn't have the technology in place yet so we won't get a new product from apple until 2014. so that's why we're seeing pressure on the stock today. melissa: another big tech name in focus, ebay, down ahead of earning
shares are up after hitting a floor earlier today but still down 22 bucks a pop. three pieces of news i'm hearing along the from the tech world influencing and moving this stock in particular there. there was a report that came out that said ipad mini shipments reportedly will drop between 20 and 30% in the second quarter. questions about demand issues. whether or not this may be a lull before a new iphone five s to come out. we're not quite sure. a "wall street journal" report about...
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Apr 19, 2013
04/13
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increase, at the payroll tax. so, these issues we have to get through. i don't think they're major but they are headwinds. now we've got a lot of people thinking about what happened last year. down 3% in the second quarter. people wanted to buy in the market started to dip. wait a minute. this may be more significant. the fact of matter, as he have yesterday, 7% of the companies that reported earnings beat estimates. whether the estimates were poor estimate, weak estimates. the fact of the matter as long as data remains relatively, weak, not strong, muddled through the fed will be a long way as way from ending its quantitative easing. the other thing we havv to pay attention to which i think gives us a lot of upside potential is that what's happening in japan is nothing less than significant. and we need to pay attention to the yen. tracy: so let's first finish with the united states because i know you are hot on the yen. you've talked about it last time you were here. that means based on what you're say, second q
increase, at the payroll tax. so, these issues we have to get through. i don't think they're major but they are headwinds. now we've got a lot of people thinking about what happened last year. down 3% in the second quarter. people wanted to buy in the market started to dip. wait a minute. this may be more significant. the fact of matter, as he have yesterday, 7% of the companies that reported earnings beat estimates. whether the estimates were poor estimate, weak estimates. the fact of the...
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Apr 24, 2013
04/13
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go national. go like a pro. why are 8 million people why are 8 million people sleeping better tonight? they went to a sle number store. the ly place in the world you'll find the sleep number bed. a bed with dual air technology that allows you to adjust to the support your body needs. each of your bodies. the only place you'll find our bed-clinically proven to help each of you sleep more soundly. and the only place you'll find sleep professionals that will help you find a numb that will change your life. your sleep number setting. you won't find any of these innovations in an ordinary mattress store. you'll only find sep number at one of our over 400 stores nationwide. and now you can save $400 on the only memory foam bed with sleep number technology that adjusts to each of you. plus special financing on all beds. don't just change your bed. change your life. at only one place: a sleep number store. wherqueemattresses start at just $699. sleep number. comfort. individualized. to find your store, visit sleep numbe
go national. go like a pro. why are 8 million people why are 8 million people sleeping better tonight? they went to a sle number store. the ly place in the world you'll find the sleep number bed. a bed with dual air technology that allows you to adjust to the support your body needs. each of your bodies. the only place you'll find our bed-clinically proven to help each of you sleep more soundly. and the only place you'll find sleep professionals that will help you find a numb that will change...
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Apr 23, 2013
04/13
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go national. glike a pro. tracy: apple expected to make history in a couple of hours with its quarterly results. liz macdonald is here to preview it. emac's bottom line. good or bad? >> it will be interesting to see what happens after the bell and we're going to be tracking it closely with david and liz. let's go through the second quarter profit forecast. here's what the street is looking for when it comes to apple's second quarter profit report is coming out. basically about $10 earnings per share versus a little more than 12 bucks a share a year ago. 9.5 billion in profit versus nearly 12 billion a year ago. here's the storyline. improved sales versus a year ago. what the storyline is here, apple's gross margins are getting squeezed and they're dropping versus a year ago. wall street is not liking that. we're looking for 36.5 million iphones sold. 15 million ipads. up dramatically versus a year ago. here is the debate breaking out on wall street, peak apple? has apple already peaked? will we see the $700 pl
go national. glike a pro. tracy: apple expected to make history in a couple of hours with its quarterly results. liz macdonald is here to preview it. emac's bottom line. good or bad? >> it will be interesting to see what happens after the bell and we're going to be tracking it closely with david and liz. let's go through the second quarter profit forecast. here's what the street is looking for when it comes to apple's second quarter profit report is coming out. basically about $10...
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Apr 18, 2013
04/13
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nevermind tax pain, but what gout tax gain? thank you to the tax man. cheryl: tax pain is easy to think of the irs, but coming up, how 24 agency employees scammed the government and taxpayers out of big bucks, and they did it under the boss' nose. that would be uncle sam. looking at the oil contracts before break. we are, again, blow $90 a barrel, 87.52 on oil. take a look at that. ♪ , and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll finde good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than
nevermind tax pain, but what gout tax gain? thank you to the tax man. cheryl: tax pain is easy to think of the irs, but coming up, how 24 agency employees scammed the government and taxpayers out of big bucks, and they did it under the boss' nose. that would be uncle sam. looking at the oil contracts before break. we are, again, blow $90 a barrel, 87.52 on oil. take a look at that. ♪ , and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere...
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Apr 16, 2013
04/13
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how the attack may impact american business, our economy and our nation's capitol and overall national security. steve moore from the "wall street journal" wonderful to have you in studio. the politics dealing with the aftermath of a terrorist attack? how does it improve the tone of partisanship in washington. >> anytime you have a national attack like this people pull together. i was thinking of the two major issues in washington. lori: immigration and gun control. >> those are two we've been hang link over months and months if not years. that is interesting i think it could have negative impact on both issues. lori: how so. , if it turns out it is saudis or foreigners, it will, it will, play into this kind of nativist, keep the foreigners out mentality. that is going to be a negative thing. in fact some of the senators and congressmen already said that maybe we should slow down on immigration reform. lori: wow! all the debate on immigration was held behind closed doors with the "gang of eight". that itself was critical because of the lack of transparency. >> interesting just today th
how the attack may impact american business, our economy and our nation's capitol and overall national security. steve moore from the "wall street journal" wonderful to have you in studio. the politics dealing with the aftermath of a terrorist attack? how does it improve the tone of partisanship in washington. >> anytime you have a national attack like this people pull together. i was thinking of the two major issues in washington. lori: immigration and gun control. >>...
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93
Apr 19, 2013
04/13
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go national. go like a pro. yes, you could. ♪ (train horn) vo: wherever our trains go, the ecomy comes to life. norfolk soutrn. one line, infinite possibilities. @ connell: breaking news and moderate-income massachusetts or local authorities are updating us on the manhunt for the alleged boston marathon bomber. >> the spokesperson for the massachusetts state police and will leave the rest to the policeman. the staging area. it estimated. okay. thank you. connell: we will come out of this aad go back to it because i believe we may have gone a little bit too soon, which is fine. the police commissioner should be there. also scheduled to be there. once they do as i speaking we will go to them. let's bring the former mayor of boston from 1983 to 1993 joining us. what a day for your city. >> some good times and some bad times. have seen some really chaotic times. of course, immediately comes to mind, but nothing like it is now. this city is literally shut down people staying in their homes, a taxi service not worki
go national. go like a pro. yes, you could. ♪ (train horn) vo: wherever our trains go, the ecomy comes to life. norfolk soutrn. one line, infinite possibilities. @ connell: breaking news and moderate-income massachusetts or local authorities are updating us on the manhunt for the alleged boston marathon bomber. >> the spokesperson for the massachusetts state police and will leave the rest to the policeman. the staging area. it estimated. okay. thank you. connell: we will come out of...
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Apr 18, 2013
04/13
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this is what the story has national implications for the u.s. deficit. for sequestration, furloughed federal workers, those workers are being found to be taking those benefits while they are on the job. so when it comes back to the u.s. government they found 13 of these employees lying to the federal government saying we are still out of a job so we still get the government benefits. that is why the story has major implications. we may see this in other parts of the country given co-worker furloughs happening with the federal government. tracy: this is a joke really because anyone can gain it and play it. this is why we are in debt. adam: lot of cheating going on but this could spread to other states. tracy: we are wondering what we are seeing indicates the treasury department and inspector general has launched what is being called operation double dip. not just irs workers from double dipping, getting laid off and still getting government benefits that this is on the heels of the recent report that showed federal workers boeing $3 billion in back taxes,
this is what the story has national implications for the u.s. deficit. for sequestration, furloughed federal workers, those workers are being found to be taking those benefits while they are on the job. so when it comes back to the u.s. government they found 13 of these employees lying to the federal government saying we are still out of a job so we still get the government benefits. that is why the story has major implications. we may see this in other parts of the country given co-worker...
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Apr 16, 2013
04/13
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the nation. what do your clients say to you during times like these? does it make them nervous about investing in the stock market? do they want to stay the course? >> most of them want to stay the course. i haven't heard anybody today responding in a negative way. that may also reflect the fact there's a lot of international tensions we're dealing with right now completely unrelated to boston. if it's north korea, iran, any of a number of things that are continually on our minds and so unfortunately, boston just adds to the list. cheryl: before i let you go, i do want to ask you about the gold contract. you're going to join us in 30 minutes about earnings and market analysis but the move into gold today, what do you make of that? >> i don't make too much of it. certainly the gold bounceback today is nothing compared to the selloff of the last couple of days so i wouldn't read into that one thing or another and treasury rates are low. they're going to stay low and the old addage, don't fight the
the nation. what do your clients say to you during times like these? does it make them nervous about investing in the stock market? do they want to stay the course? >> most of them want to stay the course. i haven't heard anybody today responding in a negative way. that may also reflect the fact there's a lot of international tensions we're dealing with right now completely unrelated to boston. if it's north korea, iran, any of a number of things that are continually on our minds and so...